Corydon company First Capital Inc. (FCAP:NAQ) working in Financials sees value fall 54.6% on May 17

Corydon company First Capital Inc. (FCAP:NAQ) working in Financials sees value fall 54.6% on May 17

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Value in Financials stocks rose 0.6 percent on May 17 from the previous day.

The strongest performing Financials company in Indiana was Mid-Southern Bancorp Inc. (MSVB:NAQ), sitting 614.1 percent higher to sell at $13.32.

Monument Circle Acquisition Corp. (MON:NAQ) fared the worst among Indiana companies, suffering a 97.9 percent drop to $9.84.

Among Corydon companies, First Capital Inc. (FCAP:NAQ) saw the biggest fall in value of 54.6 percent on May 17.

The Energy sector was the daily best-performing sector on the market.

Consumer Staples was the worst-performing sector.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Rank of stock market sectors on May 17

Sector% ChangeHighest Positive ChangeLargest Negative Change
Energy4.1%693.1%-93.5%
Basic Materials2.6%9,677.8%-94.1%
Health Care2.6%3,874.9%-100.0%
Industrials1.8%6,481.6%-89.3%
Consumer Discretionary1.6%55,910.3%-98.9%
Telecommunications1.3%679.4%-98.7%
Technology1.2%11,114.8%-98.8%
Real Estate1%957.8%-88.7%
Financials0.6%1,524,174%-100.0%
Utilities0.1%26,363.8%-91.9%
Consumer Staples-0.8%1,938.2%-83.7%

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